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he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in the voter guide which was sent to all of us. they neglected to mention the rector active portion of it. i think a lot of people were really surprised by that. so many businesses still get started in silicon valley because that is where the talent is. the regulation, state and higher taxes in the state do not matter. will this really start to hurt business formation there, do you think. >> i think that is a great question. it is about a 30% tax increase california has done is almost double the taxable gain great. i feel like california is an amazing place. the sil
he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in...
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. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
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but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model as it tries to expand beyond the deal a day business, that's its core business. >> julia, thank you very much. >>> google stashing billions in off-shore accounts to save a few bucks in taxes and what the deal with jc penney? are they having deals or not? we will discuss it more when we come back. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't n
but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model...
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from all over the tend not to come to this conference with this pompous ass like starbucks and apple google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way companies and the wealthy have been dodging paying their fair share most people argue to discuss these companies do not a very taxation which is a criminal offense but are void taxation basically use existing facilities and legal loopholes in the different regulation and taxation between different countries to their advantage companies like. the head office is based in luxemburg which they claim is the center of the economic operations which is handy as luxembourg so well known in tax haven where companies can enjoy a lower tax rate but hang on a minute here one of amundsen's must've disturb the sense that it is based in the u.k. in fact the reality is that many of our customers to their employees and many will distribute incentives like this while i respect base here in the united kingdom so it's not hard to see that the relatively small luxembourg office is n
from all over the tend not to come to this conference with this pompous ass like starbucks and apple google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way companies and the wealthy have been dodging paying their fair share most people argue to discuss these companies do not a very taxation which is a criminal offense but are void taxation basically use existing facilities and legal loopholes in the different...
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starbucks and amazon and google have been doing is ok's that you say i said there's a difference between tax avoiders and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. also ahead for you this hour security tightens in egypt as law protests new supporters are nothing and so president mohamed morsi are said to confront each other again as the nation ready for a referendum on the job constitution plus. he says well. he won't have no bread. i said way way to maybe one day you mean. he's saying he will never hand and true. blood from having a baby we see if the victims of the usa jennings program have any chance of having their personal tragedies recognize this story and much more after a short break. an artist was arrested for putting up posters critical of drone usage all over new york ci
starbucks and amazon and google have been doing is ok's that you say i said there's a difference between tax avoiders and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. also ahead for you this...
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after what wired dubbed map map the hawk the libs or its disaster of a map app on the i phone five google mountain is back we'll discuss in loose change let's get to today's capital account. all right let's back up a little bit in late two thousand and ten it was prominent banking analyst meredith whitney is a big call. there's not a doubt in my mind that you will see a spate of municipal bond evolves how many is a spate you could see fifty sizeable defaults fifty to one hundred sizeable default more this woman out to hundreds of billions of dollars worth of defaults it will be something to worry about within the next twelve months. ok now it failed to play out as she seemed to indicate it would over the following year in turn pretty much ever since we have seen a spate of headlines similar to this murder of whitney unocal was one hundred percent wrong according to a bond pro there however between two thousand and ten and now we have seen cities and counties run into trouble and in some cases file for bankruptcy they reportedly have included san bernardino mammoth lakes both in california
after what wired dubbed map map the hawk the libs or its disaster of a map app on the i phone five google mountain is back we'll discuss in loose change let's get to today's capital account. all right let's back up a little bit in late two thousand and ten it was prominent banking analyst meredith whitney is a big call. there's not a doubt in my mind that you will see a spate of municipal bond evolves how many is a spate you could see fifty sizeable defaults fifty to one hundred sizeable...
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the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. bahrain's leading human rights activists is staying behind bars but nothing about jobs got a three year sentence reduced on appeal despite international pressure on the mall . he to stop persecuting political activists we talk more about that but later the story of an american woman who was forcibly sterilized as a teenager is part of a government program to build a so-called healthy nation as a couple of the many and very stories we got ahead of this. an artist was arrested for putting up posters critical of drone usage all over new york city the p
the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax...
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>> can i google it? >> bad news. it's bad news. fiscal cliff. >>> end of the world, apparently, right. >> if you wanted to take one of these cliff bars, if you wanted to take one that tasted like the fiscal cliff. >> which one would you choose and why? the one that tastes like crap. >> we're all going to fall off the face of the earth. >> they need to fix it. that's what they're paid for. >> what happens if they don't? >> we're going to lose some money. >> it reminds me of something i learned in school, i'm going to guess some like of cliff, avalanche. >> how tall is it? >> i'd say at least like 370 some feet. >> i don't know. it sounds like something disgusting to eat or something. >> you heard of it? >> it's part of our economy going choooooooo. >> i'm pretty sure we don't have a fiscal cliff. >> we fell off of it. >> yes, we did. >> is it a dangerous cliff? >> it seems to be. >> how do you feel about it? >> i'm a middle class woman. what do you think. >> so is the president on the naughty or the nice list? >> he's definitely nau
>> can i google it? >> bad news. it's bad news. fiscal cliff. >>> end of the world, apparently, right. >> if you wanted to take one of these cliff bars, if you wanted to take one that tasted like the fiscal cliff. >> which one would you choose and why? the one that tastes like crap. >> we're all going to fall off the face of the earth. >> they need to fix it. that's what they're paid for. >> what happens if they don't? >> we're going to...
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these google -- all of these companies which maybe it needs to be a marketing campaign. i don't know. but something i think should be done to change the image of immigrants and make it more positive, and i think that will facilitate everything we're talking about today. so how do you guys think we can maybe change that image of immigrants and make it more positive and not make everybody, when they think of immigrants think of border wars on history channel. >> well, at different times and places, immigrants have been viewed more or less favorably in the united states. this is a nation of immigrants. but when immigration was largely cut off during the 1920's, a lot of americans became somewhat estranged from the immigrant roots of their forebearers. and lost a sense that we were a nation of immigrants. but in some parts of the country today you see the enormous economic vitality it comes with a really diverse and active population that attracts immigrants and kind of zestful necessary they add to a community like those in northern virginia. or southern california or texas
these google -- all of these companies which maybe it needs to be a marketing campaign. i don't know. but something i think should be done to change the image of immigrants and make it more positive, and i think that will facilitate everything we're talking about today. so how do you guys think we can maybe change that image of immigrants and make it more positive and not make everybody, when they think of immigrants think of border wars on history channel. >> well, at different times and...
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it's every single day if you google. thanks, congressman. >> thanks so much. >> greta: breaking news out of egypt. the crisis there getting worse. violent clashes erupting between protesters and supporters of president morsi. the latest from cairo is next. >>> plus, we're going to have more on this breaking news in syria. president assad is preparing to do the absolute unthinkable, to unleash deadly sarin gas against his own people. there's a report tonight the nerve gas is locked and loaded inside canisters and ambassador john bolton is here coming up. [ female announcer ] research suggests cell health plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you
it's every single day if you google. thanks, congressman. >> thanks so much. >> greta: breaking news out of egypt. the crisis there getting worse. violent clashes erupting between protesters and supporters of president morsi. the latest from cairo is next. >>> plus, we're going to have more on this breaking news in syria. president assad is preparing to do the absolute unthinkable, to unleash deadly sarin gas against his own people. there's a report tonight the nerve gas is...
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we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other people's weren't okay. lori: do you buy the end of the world this mayan forecast? melissa: when does it actually happen? lori: the 21st. melissa: i think more likely to happen on 12/12/12. lori: you have power to change it. melissa: things are heating up when it comes to solar, not a good way. many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts
we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other...
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google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do american. but a big energy company. here is the deal. people got outraged, just like we are facing here. oh, can't let chinese buy our energy property, terrorism, blah blah blah. guess what? they are allowing the deal to go through. other companies are falling because they may impart new rules. saying we don't know if theant prices can by our energy companies. does that sound familiar in any way? >> this is the is the version of -- >> i don't hate canadians. why do you? >> i don't hate canadians. i hate everybody. i'm kidding. >> now getting cheaper by the minut
google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do...
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it's every single day if you google. thanks, congressman. >> thanks so much. >> greta: breaking news out of egypt. the crisis there getting worse. violent clashes erupting between protesters and supporters of president morsi. the latest from cairo is next. >>> plus, we're going to have more on this breaking news in syria. president assad is preparing to do the absolute unthinkable, to unleash deadly sarin gas against his own people. there's a report tonight the nerve gas is locked and loaded inside canisters and ambassador john bolton is here coming up. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance comp
it's every single day if you google. thanks, congressman. >> thanks so much. >> greta: breaking news out of egypt. the crisis there getting worse. violent clashes erupting between protesters and supporters of president morsi. the latest from cairo is next. >>> plus, we're going to have more on this breaking news in syria. president assad is preparing to do the absolute unthinkable, to unleash deadly sarin gas against his own people. there's a report tonight the nerve gas is...
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. >> brenda: and you google best business anchor gues what you get? neil cavuto and he'sp next. . >> no guts no glory, are we surprised, no deal? so far, not a december to remember, and not with the cast of characters this december, a far cry from these cast of characters, 40 years ago, this december. the month and year man walalked his last steps on the moon. it's weird. four decades ago it seemed like nothing we couldn't do and today looking at the fiscal charade in washington, nothing we can do. >> welcome, i'm neil cavuto and 40 years after man left the lunar surface, politicians barely scratching the surface. >> 20 years after the astronauts made the impossible, possible. finger pointing spend thrifts who make the possible, impossible. how did we go from reaching for the srs to reaching t the other guy's throats. the astronauts who went to the moon and here for yourself, a jaw dropping special, it's a rare tv first in which we were granted unprecedented access to never before seen footage and exclusive interviews with the men who got usthere. i d
. >> brenda: and you google best business anchor gues what you get? neil cavuto and he'sp next. . >> no guts no glory, are we surprised, no deal? so far, not a december to remember, and not with the cast of characters this december, a far cry from these cast of characters, 40 years ago, this december. the month and year man walalked his last steps on the moon. it's weird. four decades ago it seemed like nothing we couldn't do and today looking at the fiscal charade in washington,...
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up with google's innovation with cloud services, not necessarily in the hardware space. no one makes better hardware than apple. they don't need that engineering, they need software engineering to keep up with google to make cloud searching work. >> apple is going to spend 100 million dollars bringing some mac production to the united states. they're going to build these things in america and they've not done that before. what do you make of it. >> they haven't done it in 20 years and i know apple has been wanting to do this. it's been a thorn in the side of apple. stuart: it's for political reasons? >> it's for political reasons, sure, and the thorn in the side is tim cook to deal with worker conditions. >> no, no, no. >> sure. >> you can't tell me, the chief executive says i'm tired of getting on that plane and going to china. >> and i don't know that he cares about getting on the plane. he's tired of the negative pr. >> right. >> and now to the real point. and it's a drop in the bucket. this is all simply to fight the pr war. by the way he said something interesting,
up with google's innovation with cloud services, not necessarily in the hardware space. no one makes better hardware than apple. they don't need that engineering, they need software engineering to keep up with google to make cloud searching work. >> apple is going to spend 100 million dollars bringing some mac production to the united states. they're going to build these things in america and they've not done that before. what do you make of it. >> they haven't done it in 20 years...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects in
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid...
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a lot big names, google, amazon, netflix. but nontechnology names as well. dollar tree, mattel, starbucks, wynn. broad swath of economy this index tracks. lori: throwing in to image theenasdaq 100 funds? >> that what we think will happen next few days. they try to mimic. try to buy all the same stocks in all of those same 100 stocks. we think a nice pop up. we will not, today, though. it was down now. but what we'll not see is a huge pop up because that usually happened and is reserved for the s&p 500,. when stocks get added in there. that's when we see a bigger sort of investor base react to that it may be a while. google, for example, had to wait two years before included in the s&p 500. facebook may have to wait a little bit as well. certainly something that is --. lori: nice job. gives more clout being in the nasdaq 100. melissa: great report. place your bets. it is not a horse race. it is a royal baby race. prince william has rushed to be by his wife's bedside as she is treated for severe nausea at king edward hospital in london. odds makers are rushing
a lot big names, google, amazon, netflix. but nontechnology names as well. dollar tree, mattel, starbucks, wynn. broad swath of economy this index tracks. lori: throwing in to image theenasdaq 100 funds? >> that what we think will happen next few days. they try to mimic. try to buy all the same stocks in all of those same 100 stocks. we think a nice pop up. we will not, today, though. it was down now. but what we'll not see is a huge pop up because that usually happened and is reserved...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >> greta: frightening news tonight about al-qaeda in libya. according to the latest western intelligence reports, al-qaeda which is already linked to a terrorist group in libya is now trying to establish a new base following the benghazi terror attack. the obvious fear, of course, is that the terror group will use that base to launch attacks against western targets. former un ambassador john bolton joins us. good evening, sir. is there any sort of terrific surprise out of this news? >> no. this has been a risk every since the overthrow o of gaddafhi that libya will be sufficiently de
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>...
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once before you actually believe tax avoid it's ok to legally tell you what starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from surf r.t. london. excuse for a jailed human rights activist in bahrain tonight leading campaign in his prison term cut from three to two years on appeal. but there's been widespread calls for his release following his conviction in august for organizing illegal gatherings and inciting violence international pressure is mounting on the monarchy to stop persecuting political activists i spoke to had a over salaries of from a bahraini m.p. and human rights activist in manama he says the sentence was reduced to appease the international rights groups. unfortunately we hear toda
once before you actually believe tax avoid it's ok to legally tell you what starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax...
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google is turning into a shopper's friend this christmas. 80% of people are googling their research on christmas purchases before buying. however, julia krueger of google says this doesn't necessarily mean shopping habits are transitioning to online- only. "they want to feel confident about what they're buying, and feel like they are getting a good value. so not everybody looks for the lowest price, but very often they want to feel good about the price they are paying. so even if it's within a few dollars, it may be a better purchase for someone to buy it locally or to be able to know that they can get it today if they decide to buy at a physical store." kreuger says some of the most searched gifts for kids this holiday season are leap pad tablets, build-a-bear, and g.i. joe. for adults, searches are up for tablets, laptops and engagement rings. fedex workers serving as santa's little helpers this year will have tough sledding this week. the delivery company expects today will be a record- breaker, with 19 million packages being shipped and delivered. 300,000 employees, plus 20,000 sea
google is turning into a shopper's friend this christmas. 80% of people are googling their research on christmas purchases before buying. however, julia krueger of google says this doesn't necessarily mean shopping habits are transitioning to online- only. "they want to feel confident about what they're buying, and feel like they are getting a good value. so not everybody looks for the lowest price, but very often they want to feel good about the price they are paying. so even if it's...
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Dec 13, 2012
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where is the stock of apple-- google-- >> we're watching both, google is higher. what's the story, stuart? what do you think? is it that apple iphone users are finally happy because they've been so annoyed with the new map service at apple, it stinks and happy to get it. stuart: and i think that-- >> is it that they're crawling back to google. stuart: no, no, i think the story is google is socking it to apple and say, hey, we've got an app and put it on the ipad and ipad mini through apple. go away apple maps, it's poi pointless. >> the google guys must be running around the offices with confetti and horns and saying, yes! you couldn't do it without us. stuart: that's exactly right. >> and that's what they're doing over there at google. stuart: that's right, so google is up and apple i think is barely holding its own, i think it's down at the moment. >> it is down 1%. stuart: we've been questioning whether apple is still cool and we'll keep questioning. nicole, thank you very much indeed. again this thursday morning, i've got to tell you it's a dead flat market. l
where is the stock of apple-- google-- >> we're watching both, google is higher. what's the story, stuart? what do you think? is it that apple iphone users are finally happy because they've been so annoyed with the new map service at apple, it stinks and happy to get it. stuart: and i think that-- >> is it that they're crawling back to google. stuart: no, no, i think the story is google is socking it to apple and say, hey, we've got an app and put it on the ipad and ipad mini...
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remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous lawmakers today. everybody seems very firmly entrenched, although eamon with the news just a moment ago that john boehner has indeed sent the president a counter offer, though republicans, to a man, complained today that they do not know what cuts the democrats would like to make. senator harry reid coming out earlier today, saying, we're not going to offer up any cuts. we want the gop to put their cuts on the table. it is clear it is a game of finger pointing, which party is going to be made to look like the bad guys, because somebody's going to have to tell somebody no. that is cer
remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous...
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the tax avoid is ok to legally tell you what starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah ferguson r.t. london just spoke to one man disease from a dutch based firm specializing in tax avoidance helping clients use legal loopholes in setting up companies and tax haven see insists though people have an obligation to pay as little as they can. taxation is actually a very inefficient way to get services it's much more efficient over done by the free market in a free market when there is competition between companies prices go down and quality goes up. but when when you allow government to take a huge chunk of the nation's income through taxation the result is not just that it's detr
the tax avoid is ok to legally tell you what starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> first the wisconsin state capitol, now michigan. hundreds protesting against michigan coming a right to work state. today republican governor rick snyder and gop leaders saying they will push to right to work legislation. and tonight both the michigan house and cincinnati passing the measure. we spoke with.gov nor snyder about the erupting fight. >> nice to see you, sir. >> good to be with you. >> you've had an interesting day at the state capitol. you've had arrests and protests and pepper spray, the police locked protesters out and about an hour later the union got an injunction to open the doors. so what provoked all this today? >> well, if you look at it, it's really about freedom to choose. it's about being pro worker and stepping up for the workers in our state. we need workplace equality and fairness and that's what this legislation is all about is giving workers a choice to join a union or not. >> it's sort of
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> first the wisconsin state capitol, now michigan. hundreds protesting against michigan coming a right to work state. today republican governor rick snyder and gop leaders saying they will push to right to work legislation. and tonight both the michigan house and cincinnati passing the measure. we spoke with.gov nor snyder about the erupting...
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the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok is that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london let's go next perhaps you should we talk to our members he's from a dutch based firm specializing in tax avoidance of the term right helping clients use legal loopholes. and setting up companies in tax havens get even to serve but you're popular with some people everybody wants to pay as little tax as possible as one of those things we've all got to pay it we're talking about the e.u. losing around a trillion euros a year from tax avoidance and evasion how do you justify this journey of crisis when people are seeing what little cash they have got al
the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok is that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax...
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"wired" reports that, today, apple has fixed the issue but apple ditched google for their own version and a variety of problems forced them to make a public apology. and author of "rethinking reputation and p.r. trumps marketing and advertising." this town said using apple maps can kill you. it was a good headline. >>guest: life threatening is never a good marketing image for your product. it brings a new meaning to "killer apps." the problem with apple and i am a shareholder of apple, it is a great company, one of the best companies in the world but it has been in a vortex of bad news so every blogger is piling on and every security analyst is saying sell it so the stock went from $700 to $525 in a month it has to become more public. >>shepard: they have to start talking about their issues. >>guest: exactly. in this case, with australia, what was serious in australia, and it was as you described but the company did not say anything, they fixed the problem. what i on say, acknowledge it, as they did when they introduced apple maps four months ago. the c.e.o. said, there have been some
"wired" reports that, today, apple has fixed the issue but apple ditched google for their own version and a variety of problems forced them to make a public apology. and author of "rethinking reputation and p.r. trumps marketing and advertising." this town said using apple maps can kill you. it was a good headline. >>guest: life threatening is never a good marketing image for your product. it brings a new meaning to "killer apps." the problem with apple and i...
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if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it headed? caller: as we recall from last year, there was a crisis over raising the debt ceiling. republicans demanded some cuts from congress. they agreed to $1 trillion in cuts, they handed over $1.50 trillion to the super committee. because they failed to come up with a deal that could be approved by congress and the president, those automatic cuts go into effect, $1.20 trillion over 10 years. the first cut will go into effect on january 2 of 2013. host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every program and activity must be cut by the same percentage. there may be some flexibility, but the understanding is that you have to go across the board and cut everything by the same amount, estimated to be about 9.4% in the case of the pentagon. host: what is on the table for the pentagon? guest:
if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it headed? caller: as we recall from last year, there was a crisis over raising the debt ceiling. republicans demanded some cuts from congress. they agreed to $1 trillion in cuts, they handed over $1.50 trillion to the super committee. because they failed to come up with a deal that...
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basic science innovation, technology innovation -- google is a good example. one anecdote -- i was on the board of a company that had about $13 billion in revenue. 90% came from products that were 120 days or less old. they had to reinvent nearly $13 billion of revenue. these are incremental invention, and understood technology. basically the file cabinets on any technological advice you have. that innovation has to come at all three levels inside that business on a continual basis for it to continue to deliver. one of the major reasons why these devices -- two major reasons they are so powerful is because of the processors and storage. so by the way, in storage, the rate of changes is double every nine months. the point is, in that technology world, you have to think about the company's producing innovation to stay ahead of the curve. >> now that they have an out, it to look at it. >> i don't know how to innovate. what strikes me about innovation, and this is something he gave us an example of a few minutes ago -- retroviruses -- retroviruses as part of the t
basic science innovation, technology innovation -- google is a good example. one anecdote -- i was on the board of a company that had about $13 billion in revenue. 90% came from products that were 120 days or less old. they had to reinvent nearly $13 billion of revenue. these are incremental invention, and understood technology. basically the file cabinets on any technological advice you have. that innovation has to come at all three levels inside that business on a continual basis for it to...
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it jumped on friday on reports it could be a takeover target for google. whether it is or not, i don't know, but it is down this morning. all right. we're back in 90 seconds with the drastic steps the dallas cowboys are considering after this weekend's tragic accident. stuart: horrible story over the weekend. dallas cowboys player josh brent allegedly driving drunk flips his car. his passenger and teammate jerry brown killed in the accident. the cowboys are looking into all options to protect their players. including installing devices that would immobilize the car if the driver of the car. the judge is here. do they have the right to intrude into players' cars and install a device that you can't drive it if you are drunk? >> do they have the right? not is it the right thing to do but do they have the right thing to do? well, they are not the government. and the young man who is accused, he's still innocent, because he's innocent still proven guilty accused of this awful event is free to work at another football team. so under that theory, he's voluntarily
it jumped on friday on reports it could be a takeover target for google. whether it is or not, i don't know, but it is down this morning. all right. we're back in 90 seconds with the drastic steps the dallas cowboys are considering after this weekend's tragic accident. stuart: horrible story over the weekend. dallas cowboys player josh brent allegedly driving drunk flips his car. his passenger and teammate jerry brown killed in the accident. the cowboys are looking into all options to protect...
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if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty that google has to their shareholders. while david callahan says such strategies could hurt the brand. great to have you with us. ben, let me get to you today. we'll get into the ethics in a second. but you say it is good for shareholders. >> i think it's what they have to do. it's their fiduciary duty to protect shareholders and pay as low a tax rate as they legally can. and in this case, that is what they're doing. >> but ethically it feels a little dirty, doesn't it? if all these american companies are hiding their revenues elsewhere. >> i think this is what they have to do. they have leg
if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30% savings. >> first the wisconsin state capitol, now michigan. hundreds protesting against michigan coming a right to work state. today republican governor rick snyder and gop leaders saying they will push to right to work legislation. and tonight both the michigan house and cincinnati passing the measure. we spoke with.gov nor snyder about the erupting fight. >> nice to see you, sir. >> good to be with you. >> you've had an interesting day at the state capitol. you've had arrests and protests
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. this holiday season,...